Nokia, VNPT team up to deploy first 10G broadband in Vietnam
Nokia and VNPT will conduct the first deployment of 10G fiber broadband in Vietnam, providing connections to 10,000 homes and businesses in the eight biggest localities of the Southeast Asian nation, the Finnish tech giant announced on Tuesday.
The Finnish firm will provide fiber access nodes for the operator’s exchanges and fiber modems for end users. With the new technology, VNPT will offer customers a full choice of internet speed of up to 10 Gbits per second on the existing platform without having to install new fiber.
The project is VNPT’s first step towards high-class fiber-to-the-x (FTTx) services, which fulfill residential and business customers’ demand for higher bandwidth and service quality using the latest generation of 10 Gigabit Symmetrical Passive Optical Network (XGS-PON), said Dang Anh Son, CEO at VNPT Net Corporation.
“VNPT will work with Nokia to deploy cloud-based network management systems for the XGS-PON and enhance customer experiences through digital transformation solutions,” he added.
The state-owned telecom group VNPT reported an after-tax profit of VND6.63 trillion ($280 million) in 2022, exceeding its annual target by 4.6%. The telco's total revenue reached VND55.21 trillion ($2.34 billion), up 2% year-on-year and fullfilling 97.5% of the year's goal. VNPT's broadband service revenue maintained a growth rate of 6% in 2022.
Nokia is a long-term partner of telcos in Vietnam. In August 2022, VNPT and Nokia signed an agreement to promote private wireless (LTE/5G) deployment and solutions for smart ports and airports.
In September 2019, Nokia and Viettel, the biggest telecommunications business in Vietnam, broadcast the first end-to-end 5G network in Ho Chi Minh City. The launch positions Vietnam head-to-head with other countries in the region looking for an early commercial 5G rollout.
In February 2023, Nokia announced the completion of Vietnam’s first Dense Wavelength Division Multiplexing (DWDN) network with Viettel, a move that will “dramatically” increase capacity for the operator. This new Data Center Interconnect solution will enable Viettel to meet future requirements for low-latency, high-capacity, robust network for 5G, Cloud, and growing consumer demand for online video and internet usage, Nokia said.
Also in February, at the Mobile World Congress (MWC) 2023 in Barcelona, Spain, Nokia and Vietnamese telecom giant MobiFone signed a cooperation deal. Nokia will assist MobiFone with 5G technology and the export of infrastructure into the cloud, fix-wireless access service on its 5G platform, and commercialization of the latter’s 5G network.
Vietnam had 21.86 million fixed broadband subscribers as of the end of April, equivalent to 22 subscribers per 100 citizens, up 8.76% year-on-year, according to the Ministry of Information and Communications. The ratio of households using optical-fiber cable for internet connection was 76.68%, up by 6.68 percentage points year-on-year.
The country’s information-communications technology sector reaped a revenue of VND1,139.3 trillion ($48.49 billion) in the January-April period, the ministry added. The April figure was VND313.48 trillion ($13.34 billion), down 1% year-on-year.
- Read More
Vietnam GDP can grow 6.7% or more in 2025: HDBank exec
Vietnam’s GDP growth in 2025 could reach 6.7% or more, says Tran Hoai Nam, deputy general director of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).
Companies - Wed, November 13, 2024 | 7:26 am GMT+7
Indonesia calls on US investors to support sustainable growth
Indonesian President Prabowo Subianto has urged U.S. business leaders to prioritize environmental, social, and governance (ESG) principles when investing in his country.
Southeast Asia - Wed, November 13, 2024 | 12:46 am GMT+7
Grab raises annual revenue forecast
Singapore's Grab Holdings has raised its forecast for fiscal 2024 revenue, as the firm anticipates robust growth in its food delivery and ride-hailing business services during the busy holiday season.
Southeast Asia - Wed, November 13, 2024 | 12:44 am GMT+7
Thai baht lags behind peers on concerns over central bank's autonomy
Thailand’s currency has fallen the most among Asian peers on investor concerns that the independence of the country’s central bank is being further eroded.
Southeast Asia - Wed, November 13, 2024 | 12:42 am GMT+7
Vietnam’s 2025 GDP growth target set at 6.5-7%
The National Assembly, Vietnam's legislature, on Tuesday assigned the government to work for a GDP growth rate of 6.5-7% next year.
Economy - Tue, November 12, 2024 | 11:31 pm GMT+7
Murphy Oil spuds oil well in Vietnam, plans another in Q4/2024
Murphy Oil Corporation has started spudding activities at the Hai Su Vang -1X exploration well offshore southern Vietnam, the U.S.-headquartered oil firm says in its Q3/2024 performance review.
Energy - Tue, November 12, 2024 | 9:24 pm GMT+7
Shinhan Bank Vietnam leads syndicated term loan facility for hydropower project
Shinhan Bank Vietnam has been the lead arranger for a syndicated term loan facility to finance the Tra Khuc 2 hydropower project in the central Vietnam province of Quang Ngai.
Banking - Tue, November 12, 2024 | 5:45 pm GMT+7
Vietnam sees rising household affluence: report
Driven by sustained economic growth, Vietnam has seen a rising number of affluent households in recent years which has a great impact on consumer trends in the country, according to a market research report.
Economy - Tue, November 12, 2024 | 5:03 pm GMT+7
Canada seeks business opportunities in ASEAN
The Canada-ASEAN Business council (CABC) recently held a conference to help Canadian enterprises seek business opportunities in ASEAN.
Southeast Asia - Tue, November 12, 2024 | 4:54 pm GMT+7
Vietnam cement firms struggle with real estate, export challenges
Cement businesses in Vietnam have continued to face significant difficulties, with several companies reporting losses in the third quarter of 2024, primarily due to a sluggish domestic real estate market and challenges in exports.
Companies - Tue, November 12, 2024 | 4:44 pm GMT+7
Thailand strives to meet water demand in Eastern Economic Corridor
Demand for more raw water to serve business growth in the Eastern Economic Corridor (EEC) of Thailand, particularly data centers and cloud services, has prompted a new study on joint water management from two suppliers in the country.
Southeast Asia - Tue, November 12, 2024 | 3:52 pm GMT+7
VinFast best-selling vehicle brand in Vietnam
VinFast, the electric vehicle (EV) arm of Vietnam's private conglomerate Vingroup, delivered over 51,000 units in Vietnam in the first 10 months of this year, making it the best-selling brand in the country.
Companies - Tue, November 12, 2024 | 3:32 pm GMT+7
Gluten-free cassava flour cake project wins startup contest in HCMC
Cusami, a project in Ho Chi Minh City’s Cu Chi district that specializes in creating different types of cakes with cassava flour, has won first prize at the 2024 green startup ideas/project competition.
Companies - Tue, November 12, 2024 | 3:10 pm GMT+7
Vietnam dong unlikely to depreciate strongly vs. US dollar in near term: broker
Depreciation pressure on the Vietnamese dong versus the U.S. dollar is likely to wane, and the USD/VND rate may not increase as strongly and fast as before, says Vietcombank Securities (VCBS).
Banking - Tue, November 12, 2024 | 2:31 pm GMT+7
Taiwan electronic firm Lite-On okays $132 mln construction budget for Vietnam plant
Taiwan-based Lite-On Technology Corporation, a world-leading provider in optoelectronics and power management, has approved a construction budget of $132 million for its factory in Vietnam.
Companies - Tue, November 12, 2024 | 12:17 pm GMT+7
Thailand cuts palm oil content in biofuel
Thailand's Ministry of Energy announced last Friday that it will reduce the palm oil content in its biofuel from 7% to 5% to deal with rising palm oil prices.
Southeast Asia - Tue, November 12, 2024 | 11:09 am GMT+7